Archives: Corporate Whistleblowers

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Wells Fargo Whistleblower Wins Reinstatement and $5.4 Million in Damages

Wells Fargo Whistleblower Wins Reinstatement and $5.4 Million in DamagesOn April 3, 2017, The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) ordered Wells Fargo to reinstate a former bank manager who blew the whistle on fraudulent behavior at the bank.  The whistleblower, who’s name was not released, reported the fraud to both supervisors and the company’s ethics hotline.… Continue Reading

SEC Protects Access to Whistleblower Rewards

Sec Protects Access to Whistleblower RewardsOn January 17, 2017, the SEC issued its latest sanction, a $340,000 penalty against BlackRock Inc., (NYSE: BLK —  the world’s largest investment management firm) for interfering with the right of its employees to obtain whistleblower rewards under the SEC’s Dodd-Frank Act whistleblower reward program.  SEC Rule 21F-17 was adopted in response to the whistleblower … Continue Reading

SEC: Incentives for Whistleblowers Best Way to Uncover Securities Law Violations

SEC Says Employees Protected For Internal WhistleblowingWashington, DC, November 16, 2016. The Securities and Exchange Commission (SEC) Whistleblower Program had its most successful year to date in 2016. The agency, which issued its annual report to Congress today, reports it issued awards totaling over $57 million in 2016—higher than all award amounts issued in previous years combined. The Office of the … Continue Reading

SEC Announces Record Year Standing Up for Whistleblowers

SEC: Most Ever Whistleblower Money Distributed in a Single YearWashington, D.C.  October 12, 2016. The Securities and Commodities Exchange(SEC) announced yesterday that fiscal year 2016, which ended on September 30, 2016, was a record year for SEC enforcement. The agency reached new highs in enforcement in all areas, especially for whistleblowers.… Continue Reading

Och-Ziff Hedge Fund Pays Over $400 Million to Settle Foreign Bribery Charges

Foreign Corrupt PracticesWashington D.C. Sept. 30, 2016.  Och-Ziff Capital Management Group (Och-Ziff), A New York-based alternative investment and hedge fund manager, agreed to pay a combined total amount of U.S. criminal and regulatory penalties of approximately $412 million to settle charges it violated the Foreign Corrupt Practices Act.  In separate announcements yesterday the Securities and Exchange Commission … Continue Reading

SEC Settles Charges Against Anheuser-Busch InBev for Illegally Gagging Employee & FCPA Violations

SEC Settles Charges Against Anheuser-Busch InBev for Illegally Gagging Employee & FCPA ViolationsWashington, D.C. September 28, 2016. The Securities and Exchange Commission (SEC) announced today that Anheuser-Busch InBev has agreed to pay $6 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) and chilled a whistleblower who reported the misconduct.… Continue Reading

Wells Fargo Whistleblower Cases Will Get Second Look

Wells Fargo Whistleblower Cases Will Get Second LookWashington, D.C. September 28, 2016. U.S. Secretary of Labor Thomas Perez vowed a “Top-to-Bottom” review of whistleblower complaints filed by Wells Fargo employees over the last six years. Sec. Perez made this promise in response to a request last week by several Senators, including Senator Elisabeth Warren, for the Department of Labor (DOL) to investigate … Continue Reading
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